Meir Elfassy's MJ Ocean LLC Acquires SFR In Golden Beach For $5.7M
407 Ocean Boulevard, Golden Beach, FL, USA
$5,700,000
$1,057/SF
Building Size
5,389 SF
Asset Type
Single Family Residence
Closing
Dec 29, 2020
AI
A single-family home located at 407 Ocean Boulevard in Golden Beach was recently sold for $5,700,000. The property spans 5,389 square feet, resulting in a price per square foot of $1,057. The transaction took place on December 30, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,700,000
- Address: 407 Ocean Boulevard
- Market: Golden Beach
The buyer of the property was Meir Elfassy, who acted as the manager of MJ Ocean LLC. On the other hand, the seller was Marie-Christine Solal, the manager of 407 Ocean LLC. Representing the buyer were Eli Eskenazi from EP Realty Group Inc., Jon Mann from Coldwell Banker, and Danielle Elfassy from ONE Sotheby's International Realty. The seller was represented by Robert Burstein from ONE Commercial.
Players
Golden Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93